NWPX Infrastructure (NASDAQ:NWPX) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of NWPX Infrastructure (NASDAQ:NWPX) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NWPX Infrastructure has a consensus rating of “Hold” and a consensus price target of $105.00.

NWPX Infrastructure Price Performance

NASDAQ:NWPX opened at $99.15 on Friday. NWPX Infrastructure has a one year low of $53.15 and a one year high of $152.03. The company has a market cap of $955.81 million, a P/E ratio of 18.13, a P/E/G ratio of 1.67 and a beta of 1.08. The firm’s fifty day moving average price is $103.11 and its two-hundred day moving average price is $101.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.21. The firm had revenue of $179.39 million during the quarter, compared to the consensus estimate of $167.74 million. NWPX Infrastructure had a net margin of 8.87% and a return on equity of 13.24%. Equities analysts expect that NWPX Infrastructure will post 5.52 earnings per share for the current year.

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, Director Richard A. Roman sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $105.72, for a total transaction of $422,880.00. Following the completion of the sale, the director directly owned 30,340 shares of the company’s stock, valued at approximately $3,207,544.80. The trade was a 11.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $118.74, for a total transaction of $296,850.00. Following the completion of the sale, the chief executive officer owned 76,129 shares of the company’s stock, valued at approximately $9,039,557.46. This represents a 3.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 55,835 shares of company stock worth $5,938,081. 3.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of NWPX Infrastructure during the second quarter valued at about $135,365,000. Legal & General Group Plc bought a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $42,751,000. Heartland Advisors Inc. purchased a new position in shares of NWPX Infrastructure during the 2nd quarter worth approximately $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of NWPX Infrastructure during the 2nd quarter worth approximately $16,659,000. Finally, Crown Advisors Management Inc. bought a new position in shares of NWPX Infrastructure in the 2nd quarter worth approximately $10,496,000. Institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Company Profile

NWPX Infrastructure (NASDAQ: NWPX), formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used to transport, store and manage water. The company supplies engineered steel pressure pipe and related systems for municipal water transmission, water treatment, wastewater and other utility applications.

Its product offerings also include precast concrete structures and components used in stormwater management, sanitary sewer systems and other civil infrastructure projects.